Courtyard Apartments Trade Near Ravenswood Metra, CTA Stations

Essex Realty Group closed the sale of 4827-4833 N. Wolcott Ave., a 25-unit courtyard building in the North Side’s Ravenswood neighborhood, located near the newly renovated Ravenswood Metra Station, the Damen Brown Line CTA Station and a new Mariano’s supermarket. The property closed for approximately $5,435,500.

Essex principals Jim Darrow and Jordan Gottlieb represented the out-of-state seller. Principal Steve Livaditis represented the buyer, a local investor.

Livaditis said, “The purchaser was quickly attracted to the property primarily due to the value-add opportunity presented and the lack of inventory for quality courtyard buildings in this ideal pocket of Ravenswood.”

Essex Realty Group, Inc. is a leading mid-market brokerage firm that specializes in the sale of investment real estate throughout the Chicago metropolitan area. Visit https://essexrealtygroup.com for access to our multi-family listings and more information.